PRIV 6.1.1 Application of pt 6.1 to Umbrella Schemes

(1) This part applies to each subscheme of an umbrella scheme as if it were a separate scheme.

Note Umbrella scheme and subscheme are defined in r 1.2.8.
(2) The currency of a subscheme may, if appropriate, be used for the subscheme instead of the base currency of the umbrella scheme.

Note Base currency is defined in the glossary.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)